Our collection of resources based on what we have learned on the ground
Resources
Q&A
How to close a VIetnamese company that is registered with an import-export tax c...
- November 2013
- Free Access
The import-export tax code must be closed when the company is dissolved. Dissolution of company must follow the standard procedures, which may take around six months. During the dissolution of the company, a letter to the General Department of ...
Q&A
What steps are to be followed to close the import-export tax code after the lett...
- November 2013
- Free Access
The following steps are recommended: Destroy any financial balance invoices (value-added tax and/or export invoices) that have yet been issued; Finalize any overdue taxes; Finalize the personal income taxes and corporate income taxes requirement...
Q&A
What is to be done with the company's Vietnamese bank account if the company is ...
- November 2013
- Free Access
The bank account must be closed in accordance to the policies of the bank, which the bank account was opened. If there is no bank account to the company, then an issuance of statement, detailing that the fact. Thereafter, the company will need to se...
Q&A
What should be done with the employee contracts after closing a Vietnamese compa...
- November 2013
- Free Access
The dissolving company must inform its employees of the decision of dissolution within a certain time period prior the termination of their labor contracts. The time period varies as follows: Indefinite term labor contracts – notice of at le...
Q&A
What steps are to follow to deal with the social insurance obligations of the em...
- November 2013
- Free Access
The employee social insurance obligations must be completed prior to the dissolution of the company. Documented evidence must be submitted to the social insurance and business/investment registration agencies. If there has never been any paym...
Q&A
What are needed to be done to close a Vietnamese company after settling the fina...
- November 2013
- Free Access
After settling the financial reports, bank accounts, contracts and employees benefits, the company, then, must submit a dossier to the Department of Planning and Investment to notify of its dissolution. DPI is the authority that handles and issues th...
Q&A
What are the consequences if the dissolution of the Vietnamese company is not co...
- November 2013
- Free Access
After the prescribed time period given to dissolve the company, the company will be deemed dissolved, and the business registration body will remove the company’s name from the company registry. In this case, the legal owners or representative...
Q&A
Can a Vietnamese company be closed by bankruptcy?
- November 2013
- Free Access
Yes. But there are prescribed venues for the application of bankruptcy, and consequently the dissolution.The venues are: The provincial-level People’s Court is responsible for handling bankruptcy application of companies that operate under t...
magazine
The 2014 Asia Tax Comparator
- November 2013
- Members Access
In this issue of Asia Briefing Magazine, we examine the different tax rates in 13 Asian jurisdictions â the 10 countries of ASEAN, plus China, India and Hong Kong. We examine the on-the-ground tax rates that each of these countries levy, includi...
magazine
Social Insurance in China
- November 2013
- Members Access
In this issue, we introduce Chinaâs current social insurance system and provide an update on the status of foreignersâ participation in the system. We also include a comprehensive chart of average wages across China, which is used to calcul...
podcast
The Importance of Singapore for American Companies
- October 2013
- Free Access
Dezan Shira & Associates Founder, Chris Devonshire-Ellis, answers important questions about the Singaporean business environment for American companies.
podcast
The Importance of ASEAN for American Companies
- October 2013
- Free Access
Dezan Shira & Associates Founder, Chris Devonshire-Ellis, answers important questions about ASEAN and its importance for American companies doing business in Asia.
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